you go back to the past oil flash gasoline spikes really from storms, you really need a storm like katrina and something larger scale to really get more of a sustained follow-through over the next coming weeks. if you go back to past moves in gasoline futures, they're very short-lived trades and a lot of them already happen before the actual storm hits in anticipation of it. so it's a tricky trade. >> michael, thanks for that. michael purves joining us this morning. let's remind you where we stand. >> talking about markets and positioning when you have a storm this big and with the people who are affected by it. the dow jones industrial average is trying to add about 70 points at the open. stocks are pointing significantly higher. >> they are up again this morning. the ftse is flat. but we're up about 1.5% for the german and french markets. that's where we stand ahead of the u.s. open and ahead of "squawk box." >> thanks for joining us. see you back here tomorrow. >>> good morning. wall street finally getting ready to open for business after getting knocked out by sandy. they are expected